FINANCIAL_SERVICESAMENDED

City of Wooster City Council Agenda Packet May 18 2026

Original EZ Tax Abatement Granted to Baker Properties

Tax exemption of 75% of real estate taxes on improvements, not less than $1,200,000 and up to $3,500,000 investmentTown of WoosterBAKER PROPERTIES MOUNT VERNON LTDMay 16, 2026

Trusted by teams at

Description

Wooster’s original 2018 Enterprise Zone Agreement granted Baker Properties Mt. Vernon Ltd. a 10‑year, 75% real property tax abatement to build a 120,000-square-foot warehouse with significant private investment and job creation. That agreement has since been amended and assigned, transferring Baker’s role to new ownership while keeping the incentive structure intact through 2028.

Contract Details

Contract Amount

Tax exemption of 75% of real estate taxes on improvements, not less than $1,200,000 and up to $3,500,000 investment

Vendor

BAKER PROPERTIES MOUNT VERNON LTD

Agency

Town of Wooster, OH

Contract Type

FINANCIAL_SERVICES

Document Date

May 16, 2026

Contract Term

10 years, commencing first tax year after improvements (commenced tax year 2019, ending December 31, 2028) with operations obligation through December 31, 2038

Renewal Date

2028-12-31

Renewal Info

Original agreement established a fixed 10‑year abatement period from tax year 2019 through December 31, 2028 and required maintaining operations in Wooster through December 31, 2038. Amendment #1 in 2022 added tenants as parties, and the 2026 assignment shifts the Enterprise role to Triple J 1909 LLC and COMPAK LLC; no extension of the abatement term is provided.

Issuing Agency